Vietnamese billionaire reaffirms steadfast commitment to EV maker VinFast
Vietnam’s richest man, billionaire Pham Nhat Vuong, says he personally and the conglomerate that he chairs, Vingroup, will continue financing VinFast despite heavy losses incurred by the EV-maker since 2017.
Companies - Thu, April 25, 2024 | 5:32 pm
Vinhomes targets after-tax profit of $1.38 bln in 2024 as market warms up
Vinhomes, a major housing developer under private conglomerate Vingroup, targets to earn an after-tax profit of VND35 trillion ($1.38 billion) this year, up 4.4% year-on-year, given more positive signals from the local real estate market.
Companies - Wed, April 24, 2024 | 10:13 pm
No Vinhomes funding for VinFast: CEO
Vinhomes CEO Nguyen Thu Hang says the residential property development arm of Vietnam’s private conglomerate Vingroup has not provided financing for other companies in the group’s ecosystem, including EV-maker VinFast.
Companies - Wed, April 24, 2024 | 4:37 pm
ESG rules must be tightened to unlock green capital flows: HSBC exec
Lam Thuy Nga, country head of large corporate, wholesale banking at HSBC Vietnam, shares her thoughts from the Vietnam Connect Forum 2024.
Consulting - Tue, April 23, 2024 | 11:05 am
VinFast begins sales of VF DrgnFly electric bike in United States
VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will begin selling its VF DrgnFly electric bike in the U.S. later this month, with a listed price of $2,599, the EV maker said Friday.
Companies - Fri, April 12, 2024 | 9:06 pm
New players intertwine at Vincom Retail
Vietnamese conglomerate Vingroup has divested a 55% stake in SDI, which indirectly holds a 41.5% stake in Vincom Retail JSC via its subsidiary Sado Trading JSC.
Companies - Mon, April 8, 2024 | 9:41 am
Property giant Vinhomes targets $1.4 bln net profit in 2024
Vinhomes JSC, the real estate arm of Vietnamese private conglomerate Vingroup, is aiming to earn VND120 trillion ($4.78 billion) in revenue and VND35 trillion ($1.4 billion) in net profit this year, up 16% and over 4% respectively compared to 2023.
Companies - Thu, April 4, 2024 | 9:32 am
Vietnam EV maker VinFast opens first dealership in Indonesia
Indonesian firm PT Gallerie Setia Utama has opened the country’s first VinFast dealership, marking a milestone for the Vietnamese electric vehicle (EV) maker.
Companies - Tue, April 2, 2024 | 7:32 pm
Berjaya Vietnam CEO nominated to Vincom Retail board of directors
Nguyen Hoai Nam, CEO of Berjaya Vietnam, subsidiary of Malaysian conglomerate Berjaya Corporation Berhad, has been nominated to the board of directors of Vincom Retail JSC for the 2023-2028 tenure.
Companies - Tue, April 2, 2024 | 2:40 pm
Singapore sovereign fund GIC divests from Vietnamese consumer giant Masan
A group led by Singaporean sovereign fund Government of Singapore (GIC) has cut its ownership in Vietnam’s leading consumer goods manufacturer and retailer Masan Group to below 5%, losing its status as a major shareholder.
Companies - Mon, March 25, 2024 | 10:36 am
VinFast inks EV distribution pact for Micronesia, launches EV charging stations venture
VinFast, the electric vehicle arm of Vietnamese conglomerate Vingroup, said Wednesday that it has signed a cooperation agreement with Guam AutoSpot to distribute its EVs in Micronesia.
Companies - Wed, March 20, 2024 | 8:58 pm
Many giants eye $2.54 bln LNG project in central Vietnam’s Ha Tinh province
Vietnam’s Vingroup, T&T Group and Hoanh Son Group, and South Korea’s Samsung Electronics have come forward as potential investors in the Vung Ang III Ha Tinh LNG power project in the central province of Ha Tinh.
Energy - Sat, March 16, 2024 | 11:44 am
VinFast to attend motor shows in Thailand, Canada, sell EVs in Africa
VinFast, the electric vehicle (EV) arm of Vietnamese conglomerate Vingroup, will attend international motor shows in Thailand and Canada, and attempt to break into the African market this year.
Companies - Sat, March 16, 2024 | 10:22 am
Sumitomo, Vingroup ink green transport development pact
Japanese keiretsu Sumitomo and taxi operator GSM JSC uder Vietnamese conglomerate Vingroup inked a green transportation development agreement on Tuesday to foster carbon neutrality in Vietnam.
Companies - Thu, March 14, 2024 | 3:02 pm
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No offshore wind projects in Vietnam until 2028: global council
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Vietnam-Singapore Industrial Park JV earns $67 mln profit in 2023
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Techcombank plans 10% stake issue to foreign strategic investors
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Vietnam needs to build more highways: logistics firm exec
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Vietnam central bank pumps cash to save troubled lender SCB